A Canadian man is detained in the suspected homicide of of a B.C. woman in Mexico, King Charles III's camp reaches out to Prince Harry about the new king's coronation, and Chris Rock punches back a year after the Oscars slap. Here's what you need to know to start your day.
Why are Canadian banks quick to charge more for borrowing, but slow to increase savings account rates?
While Canada's largest banks are charging more to lend money due to high interest rates, experts say they are failing to increase savings account rates in a similar way. Aimed at taming inflation, the Bank of Canada began implementing a series of interest rate hikes in March 2022.The Biden administration is close to tightening rules on some overseas investments by U.S.
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